The Cashew Traders and Exporters Association of Ghana (CTEAG) has renewed its call on government to prioritize the cashew sector as part of efforts to diversify the nation’s export base. The association says stronger policy and financial support could transform cashew into a leading foreign exchange earner for Ghana.
In a statement issued with the Daily Times Newspaper and signed by the National Organizer, Mr. Kwabena Owusu, CTEAG noted that despite the sector’s immense potential, farmers and traders continue to face challenges such as inadequate processing facilities, poor infrastructure, market volatility, and limited access to financing. The group warned that without urgent intervention, Ghana risks losing its competitive edge to neighbouring countries.
“Cashew is not just a cash crop; it is a lifeline for thousands of rural households,” Mr. Owusu said. “Unlike cocoa which has COCOBOD, and gold which has a dedicated regulatory framework, the cashew industry has no central board to oversee its growth and protect the interests of farmers. We are therefore calling for the establishment of a Cashew Board to regulate, promote, and develop the industry.”
He expressed concern that Indian nationals have virtually taken over the cashew trade in Ghana, warning that this trend will not help the nation’s long-term interest if left unchecked. Mr. Owusu called on the government to take decisive steps to tackle the “foreign takeover menace” before it cripples local participation in the sector.
Mr. Owusu further disclosed that CTEAG will officially petition the President at the appropriate time to address the growing foreign dominance in the cashew business. He, however, applauded the sector minister for the attention and commitment shown so far in dealing with challenges in the industry.
The association also proposed the creation of a dedicated Cashew Development Fund to support farmers, exporters, and processors. According to CTEAG, this fund could help improve processing capacity, encourage value addition, and create more job opportunities for Ghanaians, particularly in rural communities.
In concluding, the association pledged to continue advocating for cashew stakeholders and expressed optimism that with the right policies, the industry could play a major role in driving economic growth and reducing poverty across Ghana.
Contact: Mr. Kwabena Owusu – National Organizer, CTEAG | 0244 832 314
